Bartercard New Zealand is spending $2 million on 3000 internet-capable payment terminals. The company plans to roll out 1200 of the terminals from Cadmus Technology over the next six months to members, who will get them free. The terminal - dubbed the swipe phone - has the ability to send emails, display and print advertising messages, download software, make account inquiries and accept payment transactions through the swipe facility and omes with a printer. Development is underway to add full Eftpos functions to give retailers a combined Bartercard and Eftpos processing terminal. Managing director Roy Netzer says once the system is established members will be able to email specials and print coupons or gift vouchers to fellow businesses as part of the package. The local arm is expecting interest in the technology from Bartercard’s 45 offices and affiliates around the world. Cadmus has applied for local and international patents on the technology.
Set up in New Zealand in 1992, Bartercard has seven offices and 4600 member businesses which barter among themselves.